Marine Link
Thursday, March 28, 2024
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Ab Volvo News

13 Sep 2012

Volvo Acquires a Quarter Holding in Deutz

AB Volvo finalizes acquisition of shares in Deutz AG to increase its shareholding in Deutz AG from 6.7% to just over 25%. In total, AB Volvo has acquired 22,117,693 shares from Same Deutz-Fahr Group for an amount of EUR 130 million. The transaction makes AB Volvo the largest shareholder in Deutz AG. Deutz AG has been a strategic supplier of medium duty engines to the Volvo Group for more than a decade. Earlier this year, AB Volvo and Deutz AG signed a non-binding memorandum of understanding with the intention to explore the potential to extend the companies’ long-term cooperation through joint development of the next generation of medium-duty engines for off-road applications.

17 Aug 2012

Ron Huibers New President of Volvo Penta Americas

Ron Huibers, Volvo Penta Americas

Ron Huibers, currently President of Sales & Marketing North America within Volvo Trucks Americas, will assume his new position on September 1, 2012. Huibers has been with Volvo Group for 20 years. He has held various North America and International executive positions within Volvo Group including Volvo Construction Equipment, Volvo Financial Services, Mack Trucks and Volvo Trucks. In his current position, Huibers is the leader of Volvo Trucks North America commercial sales and marketing operations with more than 25…

20 Feb 2011

Volvo Penta Signs Agreement with Garmin

AB Volvo Penta and Garmin Ltd have entered into a joint development and marketing strategic alliance to provide instrumentation, navigation and communication equipment for marine use. Volvo Penta and Garmin will jointly develop marine instrumentation, navigation, and communication equipment, which will be marketed in a complete customer offer for fully integrated drive systems and instruments. "The Volvo Penta and Garmin strategic alliance  will provide our mutual  customers access to state-of-the-art communication technology and a complete programme of multifunctional instruments which will significantly strengthen our world-leading position when it comes to complete, integrated drive systems for boats," said Göran Gummeson, President of Volvo Penta.

18 Feb 2011

Volvo Penta, Yamaha Examine Further Collaboration

AB Volvo Penta and Yamaha Motor Co., Ltd have decided to set up joint working groups to evaluate the potential for deeper collaboration between the companies. On December 6, Volvo Penta and Yamaha Motor announced that they had signed an agreement involving technological collaboration relating to the development of electronic control systems for boats. This collaboration is designed to produce technological synergies in the increasingly important field of electronics. The collaboration became operational at the end of the year, but the parties have already decided to take things further and conduct joint studies of the way cooperation between the companies could be further extended. “Volvo Penta is a world leader when it comes to marine power systems.

07 Dec 2010

Volvo Penta, Yamaha Motor Partnership

AB Volvo Penta and Yamaha Motor Co., Ltd have entered into a technological agreement to develop boat control system. Through the wholly owned electronics company, CPAC Systems, Volvo Penta is developing world-leading electronic solutions, such as the electronic platform. This CAN-based network, which links the engine, transmission, instrumentation and accessories in a single system, currently forms the electronic base of Volvo Penta’s product range for power boats. The introduction of boat control system in the marine industry is going to intensify in the years to come and, with a view to creating technological synergies, Volvo Penta and Yamaha Motor have now signed an agreement involving technological partnership.

06 Dec 2010

Volvo Penta, Yamaha Enter Engine Tech Cooperation

AB Volvo Penta and Yamaha Motor Co., Ltd have entered into a technological agreement to develop boat control system. Through the wholly owned electronics company, CPAC Systems, Volvo Penta is developing world-leading electronic solutions, such as the electronic platform. This CAN-based network, which links the engine, transmission, instrumentation and accessories in a single system, currently forms the electronic base of Volvo Penta’s product range for power boats. The introduction of boat control system in the marine industry is going to intensify in the years to come and, with a view to creating technological synergies, Volvo Penta and Yamaha Motor have now signed an agreement involving technological partnership.